VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sets New 1-Year High – Here’s Why

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price hit a new 52-week high on Thursday . The company traded as high as $48.40 and last traded at $47.84, with a volume of 1407000 shares traded. The stock had previously closed at $48.00.

VictoryShares Free Cash Flow ETF Price Performance

The company has a market cap of $8.47 billion, a PE ratio of 13.70 and a beta of 0.85. The business has a 50-day moving average of $45.98 and a 200 day moving average of $42.33.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a dividend of $0.0249 per share. The ex-dividend date was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its stake in VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $52,000. Assetmark Inc. raised its position in VictoryShares Free Cash Flow ETF by 80.4% during the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after purchasing an additional 602 shares in the last quarter. Finally, Silver Grove Financial Group Inc. bought a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $60,000.

VictoryShares Free Cash Flow ETF Company Profile

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.